Illinois Business Developments

Illinois is the most populous marketplace in the Midwest and home to over 2000 corporate headquarters, an active business scene, and more than 1.2 million small businesses, is home to all the resources that global businesses need to be successful in the current business climate. From the world-class infrastructure that connects businesses to suppliers and customers to skilled workers in various fields and a thriving manufacturing base, Illinois has a leading position in many fields such as clean and advanced agriculture, energy, IT life sciences logistics for transportation.

Illinois has seen a huge international investment growth in recent years. Countries like Britain, Japan, Germany and China were among those most invested in Illinois in 2023. By that time, the amount reached over USD $13.2 billion in the agribusiness, manufacturing and manufacturing areas in Illinois all by itself.

Since 2014, more than $1 billion in incentives have been distributed under Illinois' Reimagining Energy and Vehicles program to businesses that offer electric vehicles and green energy production. The program was announced last month. DCEO also granted PsiQuantum Manufacturing with an incentive package totaling over $200 million to build a high-tech manufacturing facility in East Alton.

Governor JB Pritzker was present along with representatives from Chan Zuckerberg Initiative, the Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to inaugurate CZ Biohub Chicago - a cutting-edge research hub that is at the forefront in research. The project will unite University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study the human development of tissues as well in developing revolutionary therapeutics.

Governor JB Pritzker and Flender Corporation recently announced they are expanding their existing factory in Elgin that will result in 50 full-time employment while keeping the 140 full-time jobs they have currently.

The Illinois Small Business Development Center at Southern Illinois University is funded partly through a cooperative arrangement between U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The center provides local entrepreneurs with assistance for creating or expanding their businesses through services such as free business planning workshops, one-on-one counseling sessions with expert Business Advisors, and access to financing options.

State leaders in Indiana are encouraging employers to offer higher salaries and 37th gst council meeting press release (www.diigo.com) benefits as a method of keeping child care workers in the country and facing a lack of employment. This follows the closing of a children's care facility in Bronzeville that struggled to keep its employees.

Illinois Department of Labor also launched an online tool designed to help small businesses understand lawful employment practices. Employers can search using keywords or browse through categories on this website; and connect to the appropriate state agencies and information sources.

Illinois Business Development Authority (IBDA) is working to make people aware of Illinois tax incentives to business expansion. The IBDA hosted an interactive webinar on the subject. The webinar was recorded and will be available on their website.